Food prices skyrocket in Kaduna Markets.
Written by News Room on January 20, 2022
A survey carried out by Invicta FM in some selected markets across Kaduna showed that prices of food items increased in January 2022, when compared to the prices during the yuletide and a few months’ back.
From the survey carried out by Invicta News Correspondent, Evangeline Genesis, it was discovered that the increase was due to reduction in food production caused by insecurity in parts of the State.
It was also revealed that the prices of foodstuffs, which showed marginal increases in January, are still on the rise, almost beyond the reach of the average Nigerian.
However, traders interviewed at the Sabon Tasha Market attributed the rise in prices of food items, especially grains, to the January fever and they complained of low patronage.
Meanwhile meat traders at Narayi Bus stop, maintained the price of meat has not changed in over a year as meat has a controlled price.
Traders, who sell perishables at Barnawa Market, explained that prices of perishable items have notably reduced, compared to the price in December.
Nigeria’s annual inflation rate has dropped for the seventh straight month to 15.4 per cent in November as against 15.99 percent reported in the previous month, however the National Bureau of Statistics (NBS) is expected to release the last inflation report for 2021 this week.